Since the entrance of Sen. Bernie Sanders into the race for the 2016 Democratic Presidential nomination (and even well before), we've been discussing the concept of the "democracy deficit", defined by Noam Chomsky as the significant gap between the policy positions of the electorate and their "representatives", occasioned by the manner in which, as he argues, "elections are skillfully managed to avoid issues and marginalize the underlying population…freeing the elected leadership to serve the substantial people."

An article by Kevin Cirilli in The Hill last week, "Banks brace for Bernie Sanders" provides yet another opportunity to examine that troubling paradigm and the well-organized role the nation's corporate elite play in it.

While an effective, issue-based campaign from a self-declared "democratic socialist" like Sanders could otherwise serve to galvanize a bottom-up, small "d" democratic revolution at the polls, The Hill fails to so much as suggest that Wall Street is in any way concerned about what might transpire if Sanders were actually to secure the Democratic Party Presidential nomination. "He poses no real threat to the former secretary of State’s eventual nomination," Cirilli writes, citing the self-fulfilling prophecy of the elusive "conventional wisdom".

Instead, quoting one banking lobbyist after another, each who marginalize Sanders, the DC-based publication reports only that "Wall Street is worried that Sen. Bernie Sanders’s vigorous calls for banking industry reform will pull Hillary Clinton to the left, as the two presidential candidates battle for the 2016 Democratic nomination"...